Binghamton is a city of roughly 47,376 at the confluence of the Susquehanna and Chenango Rivers. The largest city in upstate New York’s “Triple Cities” region, composed of it, Johnson City, and Endicott, Binghamton is the self-proclaimed “Carousel Capital of the World.” After incorporating as a city in 1867, Binghamton became major manufacturing center in the late 1800s and early-to-mid 1900s. As was the case with most other Rust Belt cities, Binghamton experience a major loss of jobs beginning in the 1960s. While the economy was buoyed somewhat by the many defense industry jobs in the city, the end of the Cold War and the collapse of the Soviet Union led to many of these jobs leaving Binghamton, triggering a long-term economic downturn that the city is still grappling with.